Articles & Videos

3 Steps For Rock Star Implementation of GASB 75

July 2nd, 2018|GOVERNMENTS, VIDEO|

With the new GASB 75 statement, liability for financial reporting of other post-employment benefits will be moved from the notes to the face of the financial statements. Check out these 3 steps you can take to ensure that your organization is prepared!

Cryptocurrency and Taxes: What You Need to Know

June 25th, 2018|CRYPTOCURRENCY, INDIVIDUAL TAX|

Preparing for Your Cryptocurrency Tax Obligations As the saying goes, it is best to “be prepared” for any situation that arises. When it comes to cryptocurrencies, this statement could not ring truer. Waiting until next April to think about the tax implications of virtual currency transactions will make the tax preparation process difficult and burdensome, [...]

One Taxing Situation: South Dakota vs. Wayfair, Inc

June 22nd, 2018|STATE & LOCAL TAX|

The United States Supreme Court delivered its ruling on the much talked about “South Dakota vs. Wayfair” case that will change how interstate sales are taxed. As a result of this ruling, states can now enforce retailers to collect sales taxes regardless of if they have a physical presence in the state. This ruling applies [...]

How the TCJA Can Help You Choose Your Debt Payoff Strategy

June 20th, 2018|INDIVIDUAL TAX, STATE & LOCAL TAX|

Randomly picking which debt to pay off first is not the ideal strategy—especially considering the magnitude of the average American’s debt, as well as rising interest rates. In 2017, the average American household had more than $130,000 of debt, made up of home mortgages, credit card debt, student loans, and auto loans. It’s no wonder [...]

What is my Crazy Auditor Doing? 5 Sane Reasons for the Madness

June 20th, 2018|AUDITS, REVIEWS & COMPILATIONS, VIDEO|

Do you ever wonder why your auditor may be asking you for something you've never had to provide before? Cheri Swain explains how CRI auditors cover their bases to allow you to easily respond to risk and ensure that they are staying compliant with audit procedures laid out by the AICPA. [...]

Natural Disasters: 3 Tips for Safeguarding Tax Records

June 19th, 2018|BUSINESS TAX, DISASTER PREPARATION, INDIVIDUAL PLANNING, INDIVIDUAL TAX|

Don’t let a natural disaster become a tax disaster too. Be sure to protect your tax records and other valuable information. This time of year it is especially important to utilize the tips below in preparation for hurricane season. 1. Electronic Backup Taxpayers should always keep a set of backup records of all important documents [...]

Love, Marriage, and Uncle Sam: How Getting Married Affects Your Taxes

June 14th, 2018|INDIVIDUAL PLANNING|

Newlyweds have a lot to think about after getting married, and taxes aren’t always at the top of the list. However, it is always important for a new couple to consider how the nuptials may affect their tax situation and filing status. CRI has some tips to help you plan for your new life ahead. [...]

Start From the T.O.P Down: Ways You Can Improve Your Organization’s Cybersecurity

May 24th, 2018|CYBERSECURITY|

Until the last couple of years, data breaches seemed to be the domain of major corporations—Target, Home Depot, Sony, JP Morgan. However, in recent years, as businesses of every size become increasingly reliant on data and information systems, it is becoming clear that no business is too small to be a target. And yet, only [...]

Avoid Counting on Depreciation Too Early with Placed-In-Service Rules

May 24th, 2018|TAX SPECIALTY SERVICES|

“Don’t count your chickens before they hatch” is an adage that reminds us to be wary of putting our hope in something that has not yet happened. This phrase is especially true when it comes to depreciation. Although when depreciation begins on an asset may not always be clear, the consequences of an early start [...]

5 Exercises to Rehabilitate Retirement Funds

May 21st, 2018|INDIVIDUAL PLANNING|

Stock market crashes. Healthcare emergencies. Investment nightmares. Many Americans who had built a nest egg that they thought would ensure a comfortable retirement have found themselves suddenly scrambling to refill their retirement fund coffers after these types of unexpected crises. Is a healthy retirement still achievable after such a blow? Yes, but building a healthy [...]

Travel Guide for Your Start-Up’s Journey to Success

April 12th, 2018|START-UP BUSINESS PLANNING|

The process to get a new business up and running is a journey. From the start-up’s inception, the end destination may not be visible, and business owners may be riddled with uncertainties about how they will find their way. Luckily, accountants can provide the following guidance to help start-up business owners reach their destinations successfully. [...]

What’s Trending in Enterprise Risk Management?

March 26th, 2018|FINANCIAL INSTITUTIONS|

Although much has changed for financial institutions since the Committee of Sponsoring Organizations (COSO) issued the Enterprise Risk Management (ERM) – Integrated Framework in 2004, much has remained the same. A financial services professional need only check their inbox or scroll through their newsfeed to ascertain that financial institutions, both large and small, are holding [...]

Steering Clear of Bookkeeper Liability “Road Hazards”

March 26th, 2018|CLIENT ACCOUNTING SERVICES|

Sometimes the most dangerous road hazards are the ones we never see coming — whether we’re on the highway or in the business world. For some business owners, bookkeeper liability could be cause for concern. Whether you maintain the books for your own company or you delegate that task to an internal or outsourced bookkeeper, [...]

Recent Georgia Income Tax Law Changes

March 19th, 2018|BUSINESS TAX, INDIVIDUAL TAX|

Federal tax reform changes aren’t the only changes to tax laws in 2018 –- there are also changes here at the local level in Georgia to consider as well! Governor Nathan Deal recently signed two major revisions affecting nearly all Georgia taxpayers. These changes are in response to the massive federal tax reform signed into law [...]

Risky Business: 3 Benefits of Effective Enterprise Risk Management (ERM) For Banks

March 16th, 2018|FINANCIAL INSTITUTIONS, VIDEO|

When it comes to enterprise risk management, strategic process planning doesn't just apply to larger financial institutions. Smaller banks are often under the impression that they don't have the means necessary to be able to implement strategies. Doug Mims explains 3 benefits that any size bank will start to see when they embrace [...]

No Cookie Cutter Business Here: 4 Must-Have Ingredients for the Auditor Selection Process

March 15th, 2018|AUDITS, REVIEWS & COMPILATIONS|

When it comes to baking, a chef must ensure that all the ingredients are available and ready to be used. Whether that means buying, borrowing or substituting, a recipe requires that all ingredients are present. Likewise, a company should insist on specific qualities and characteristics from the auditor it chooses to ensure that its accounting [...]

Will Your Cybersecurity Defense System Protect Your Organization?

March 12th, 2018|CYBERSECURITY|

For a homeowner, the knowledge that a trained eye has evaluated the home security system — and attested that it is in good working order — can go a long way toward a good night’s sleep. The same goes for business owners and executives in charge of keeping the company’s digital assets safe. Recent global [...]

CRI Named #19 on Accounting Today’s Top 100 Accounting Firms

March 12th, 2018|NEWS|

ENTERPRISE, AL - Carr, Riggs & Ingram has been named #19 on Accounting Today's list of Top 100 Accounting Firms, an annual ranking of the largest firms across the country. The nationally ranked CPA and advisory firm serves more than 25 different markets throughout 10 states. The new 2018 rank is a step forward for [...]

3 Big Changes In Partnership Audit Rules Beginning 2018

March 5th, 2018|TAX CONTROVERSY, VIDEO|

Did you know there are new rules for IRS audits of partnerships that affect all partnerships and LLC’s taxed as partnerships? David White highlights key changes including taxes assessed at the partnership level, partnership IRS representative requirement, and shift of tax burden & timing — as well as important next steps for partnerships to [...]

Is Outsourcing Written in the Stars For Your Business?

March 1st, 2018|CLIENT ACCOUNTING SERVICES|

Business owners regularly find themselves asking, “How can I accomplish more with the same or fewer resources?” They ask because of the significant amount of changes introduced by a “galaxy” of increasingly complex tax laws, accounting standards, and regulatory requirements. Simultaneously, companies experience greater challenges recruiting professionals with the right skills. It’s no wonder, then, [...]